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Aug 30, 2013
08/13
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after secretary of state john kerry talks tough president obama walked things back today. is the u.s. attack on syria coming sooner, later, or not at all? the markets meanwhile are clearly rooting for no attack. any time kerry or president obama made hawkish comments stocks fell. when they were more dovish stocks rallied back. stocks finished on another down note. considering all we've been through this summer, the markets have been pretty resilient. meanwhile another conflict in washington gearing up. the fight over debt ceiling,
after secretary of state john kerry talks tough president obama walked things back today. is the u.s. attack on syria coming sooner, later, or not at all? the markets meanwhile are clearly rooting for no attack. any time kerry or president obama made hawkish comments stocks fell. when they were more dovish stocks rallied back. stocks finished on another down note. considering all we've been through this summer, the markets have been pretty resilient. meanwhile another conflict in washington...
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Jan 18, 2013
01/13
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some has to do with anticipation of the obama health care act, which i'll talk about this in a minute. they are ultrasensitive to changes in the labor market. temporary employment is more cyclical than regular labor market. temps are the first to get fired in a downturn and the first to be hired when the economy comes back. and coming back is exactly what the economy is doing right now. ♪ hallelujah just today we saw the jobless claims drop to the lowest level in five years. >> house of pleasure. >> plus, while full-time employment was only up 1.4% in 2012, the total number of temporary employees increased by 6.2. that rapid growth is expected to continue in 2013. the street is looking for 5% growth in temporary employment this year. however, i think that number could ultimately end up being conservative thanks to the affordable care act. aka obama care. once that goes into affect in 2014, companies that employ more than 50 full-time workers will either need to provide their employees with expensive health care coverage or pay $2,000 to $3,000 penalty. that's why businesses of all s
some has to do with anticipation of the obama health care act, which i'll talk about this in a minute. they are ultrasensitive to changes in the labor market. temporary employment is more cyclical than regular labor market. temps are the first to get fired in a downturn and the first to be hired when the economy comes back. and coming back is exactly what the economy is doing right now. ♪ hallelujah just today we saw the jobless claims drop to the lowest level in five years. >> house of...
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Jul 11, 2013
07/13
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yes he will have trouble on the left but i can tell you from the people i talk to, if the obama administration thinks that summers will squkate through wi republicans, they are mistaken. the fed is highly unpopular among republicans. they are going to make that very clear to larry summers. and if you want -- if you want a strong fed chairman who will continue as i think the fed should monetary easing, i think having a weakened fed chairman after a bruising confirmation hearing is not the way to do it. >> jim, you're an fan of larry summers in this role. i see that. but what damage might he do? what is the real problem? >> well, first of all, so let's say we get by the confirmation hearing and he is the fed chairman? maybe ed's right. maybe he would continue the extraordinary measures. there is confidence for the measures. i think it would be a fantastic choice would be christina roemer who both has some washington experience. christina roemer is like the democratic bernanke. she is a depression expert. she understands we need to close the output gap of do domestic product. she would be a great
yes he will have trouble on the left but i can tell you from the people i talk to, if the obama administration thinks that summers will squkate through wi republicans, they are mistaken. the fed is highly unpopular among republicans. they are going to make that very clear to larry summers. and if you want -- if you want a strong fed chairman who will continue as i think the fed should monetary easing, i think having a weakened fed chairman after a bruising confirmation hearing is not the way to...
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Sep 10, 2013
09/13
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first president obama talked about more diplomatic -- kind of more diplomatic outcome, the syrian crisis, perhaps allowing bashir al saud to work with russia. the fluid situation offers a way out of defeat of president obama's war resolution or the possibility of a wider war with far worse consequences than a missile strike targeted at the regime's leadership. remember, the stock market craves certainty more than anything else. and the uncertainty of waking up and finding out whether we launch missiles last night has kept some on the sidelines, and had others relentlessly selling until either the missiles are in the air or a fear of a strike has subsided. people selling, what are they doing, probably just side lined or maybe, buy, buy, buy buy! plus, second reason to buy. oil is coming down. the probability of a wider middle east war diminishes, crude has had a rally today. today's two buck decline makes the consumer feel like they won't be knocked for a loop in gasoline prices! we had a fantastic number last night. i flagged it in our game plan. i said the number better be big. it was.
first president obama talked about more diplomatic -- kind of more diplomatic outcome, the syrian crisis, perhaps allowing bashir al saud to work with russia. the fluid situation offers a way out of defeat of president obama's war resolution or the possibility of a wider war with far worse consequences than a missile strike targeted at the regime's leadership. remember, the stock market craves certainty more than anything else. and the uncertainty of waking up and finding out whether we launch...
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Aug 12, 2013
08/13
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. >> let's have the obama administration bail out blackberry. that's the answer! >> the point i'm making technology moves so fast and furious. >> blackberry, like don said, they were the innovator. perhaps we're talking about kwhau said of apple, just it happened ten years before maybe but there there are people who buy blackberry thinking it's a potential takeover and every time that heats up -- >> i want people to see the screen. blackberry has 3% market share? i still remember the moment i got my first blackberry and i thought i can leave my desk at the end of the day, this thing is so phenomenal. now, poof, it's gone. >> remember when you got your first blackberry, you sold your palm pilot. >> at the end of the day people saw what google did and a lot of people made a lot of money and people hold out hope it will happen. it's probably false hope but in the short term we might see a little pop in the stock. >> thank you so much. now, why is there a spike in the number of americans renouncing their u.s. citizenship? politics? nsa? no. taxes. we have that story n
. >> let's have the obama administration bail out blackberry. that's the answer! >> the point i'm making technology moves so fast and furious. >> blackberry, like don said, they were the innovator. perhaps we're talking about kwhau said of apple, just it happened ten years before maybe but there there are people who buy blackberry thinking it's a potential takeover and every time that heats up -- >> i want people to see the screen. blackberry has 3% market share? i still...
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Aug 13, 2013
08/13
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but the republican talking point on this, which is just let's stop obama care, let's defend obama care. that is not an answer. that's a political talking point. what the american people need is an actual plan. >> there are many different strategies to push back against obama care, and that's what people who support a free market are doing because we care about the quality of health care in our country. because we care about the choices available to americans and their families. this is not necessarily a political footfall. >> lady and gentleman, thank you so much for joining us tonight. they're coming back. they're not moving. they're going to be back with us in just a minute. now the government is getting involved in everything from big coin to airline mergers. what's it going to take for washington to stand down just once, please? that's next. [ marco ] i'm a student at devry university. and this is my home team. this is my large lecture hall. this is my professor. and also my coach. this is my booster club. this is the guy who's graduating ready for a great career in technology. [ m
but the republican talking point on this, which is just let's stop obama care, let's defend obama care. that is not an answer. that's a political talking point. what the american people need is an actual plan. >> there are many different strategies to push back against obama care, and that's what people who support a free market are doing because we care about the quality of health care in our country. because we care about the choices available to americans and their families. this is...
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Aug 7, 2013
08/13
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i wish obama would be even more aggressive about human rights. don jensen, let me come back and ask you, this is a little far-fetched. did benghazi, at the end of the day, the whole benghazi episode, which is still going on, it's still going on, cia agents in there and whatever, do you think benghazi had a significant impact on president obama's thinking and psyche? that may not relate directly to russia but it relates to our foreign policy and anti-terrorism and being tough. do you think president obama is a changed man over the benghazi catastrophe? >> i think with the russians and to protect our withdrawal from afghanistan. to achieve those he would have done a lot and i think has far too much but there is not much progress on the first issue. this is a good time for obama to make a symbolic statement. the real issue is down the road. friday when the defense ministers meet, is there going to be any movement on missile defense further down the road? what will happen if there's a terrorist threat in the olympics next year? i think i'm not at all
i wish obama would be even more aggressive about human rights. don jensen, let me come back and ask you, this is a little far-fetched. did benghazi, at the end of the day, the whole benghazi episode, which is still going on, it's still going on, cia agents in there and whatever, do you think benghazi had a significant impact on president obama's thinking and psyche? that may not relate directly to russia but it relates to our foreign policy and anti-terrorism and being tough. do you think...
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Aug 16, 2013
08/13
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> general, let's talk down the road. you've said the worst case scenario would be all out civil war in egypt and richard engel just told us tonight we're that close to it right now. if it were to happen what should our response be? would it make sense, i'm just talking blue sky here, to send a few ships closer to that region just in case? >> well, you know, richard engel is the best person i've run into lately for understanding the mood in these arab countries. there is almost nothing we can do to a giant heavily armed land locked arab country and certainly signalling military seriousness with naval elements or whatever is a waste of time. we want, again, to stop the violence, keep the threat to israel from blowing up and keep the canal open. other than that we don't have -- they don't have a lot of oil. they are not divided terribly among sunni and shia and kurds. a lot of these problems might come one control in the coming six months. we better hope they do because we don't have many options if they don't. >> general a
> general, let's talk down the road. you've said the worst case scenario would be all out civil war in egypt and richard engel just told us tonight we're that close to it right now. if it were to happen what should our response be? would it make sense, i'm just talking blue sky here, to send a few ships closer to that region just in case? >> well, you know, richard engel is the best person i've run into lately for understanding the mood in these arab countries. there is almost nothing...
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Oct 9, 2013
10/13
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i'm just talking politics here. i don't think obama will give an inch on that issue. i think he'll give on -- he always talks about entitlement reform. he always talks about corporate tax reform of some kind. but he always wants something in return. maybe the deal now is what he gets in return is a debt ceiling. i think that might be the game if they delay this a coupe of weeks or even if they cut a deal in principle next week. >> are we going to default? >> i don't know. i know this -- i don't know. i don't know how you can predict this. boehner hasn't moved. where i do see progress is paul ryan, who is talking about the things i'm talking about, broader set of reforms, rather than focusing at all on health care. i think they all know what they have to do. they got to increase growth. the president said that yesterday. got to make it better for us to compete in the world, our corporations. those are realities he addressed yesterday. i think what will happen, i've written an article about this. i think what will happen is somebody in the budget committee more likely t
i'm just talking politics here. i don't think obama will give an inch on that issue. i think he'll give on -- he always talks about entitlement reform. he always talks about corporate tax reform of some kind. but he always wants something in return. maybe the deal now is what he gets in return is a debt ceiling. i think that might be the game if they delay this a coupe of weeks or even if they cut a deal in principle next week. >> are we going to default? >> i don't know. i know...
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Aug 16, 2013
08/13
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i talked to one source today, pretty well informed as an outsider can be, who pegged the chances that larry summers will get this pick out 2 out of 3. of course, we've got to wait and see if that reflects the president's thinking, and we should find out in a few weeks, maria. >> that's terrific scoop, john. so you also have some news on the battle brewing over the debt ceiling, right? >> reporter: well, it could be related. you know, the republican leadership was burned by what happened in 2011 when the debt crisis hurt their party's reputation. they very much want to avoid a government shutdown, avoid a debt crisis. the administration believes that they want to do that, as well. the challenge will be how they bring along the republican base. it could be a contentious fall as we work out the continuing resolution, what happens to the sequester, what happens to the debt limit. and interestingly, the fed chair could play in that, because if you have a mort turbulent fed appointment process, which larry summers would almost invariably inspire, as opposed to janet yellen, that could expen
i talked to one source today, pretty well informed as an outsider can be, who pegged the chances that larry summers will get this pick out 2 out of 3. of course, we've got to wait and see if that reflects the president's thinking, and we should find out in a few weeks, maria. >> that's terrific scoop, john. so you also have some news on the battle brewing over the debt ceiling, right? >> reporter: well, it could be related. you know, the republican leadership was burned by what...
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Sep 3, 2013
09/13
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we were on track for the best in august until president obama and speaker boehner weighed in on syria. we'll have secretary of state john kerry and defense secretary chuck hagel testifying in front of congress to make their case. the prospects of a u.s. strike against syria did help push the dow down 1.8% over the course of last week and the biggest drag on the dow right now, probably noticed the dow is in negative territory, microsoft. we're on that one later. straight down to the nyse. mary thompson, what are you watching at the start of this week? >> reporter: watching a lot of things, mostly syria, mandy. the positive data we received today on manufacturing on yields of good manufacturing data from overseas over the weekend, it's also overshadowing all those deals you'll be talking about. take a look at the ten-year note because earlier we saw it move above the 10.91 area. pulled back again. speaker boehner started talking about syria, investors in a bit of a flight to quality so the yield has been dropping since then. oil the same story, moving in the opposite director. comments
we were on track for the best in august until president obama and speaker boehner weighed in on syria. we'll have secretary of state john kerry and defense secretary chuck hagel testifying in front of congress to make their case. the prospects of a u.s. strike against syria did help push the dow down 1.8% over the course of last week and the biggest drag on the dow right now, probably noticed the dow is in negative territory, microsoft. we're on that one later. straight down to the nyse. mary...
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Sep 23, 2013
09/13
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we'll talk live with two traders just ahead. and later on the show is this the obama care bait and switch? sure, can you get cheaper premiums but you may not believe what doctors, hospitals and other health care providers you'll have to give up. we have the grim details. even the liberal "new york times," the liberal "new york times," splashing this story all over the front page. don't forget free market capitalism is the best path to prosperity. i maintain obama care is nowhere near free market capitalist choice. i'm kudlow. we'll be back in the next segment. >>> tomorrow, raising the stakes in tech and telecom. deal-maker michael price and ericsson ceo on the mergers, acquisitions and trends to watch. "squawk box" tomorrow at 6:00 a.m. eastern on cnbc. she's always had a playful side. and you love her for it. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cia
we'll talk live with two traders just ahead. and later on the show is this the obama care bait and switch? sure, can you get cheaper premiums but you may not believe what doctors, hospitals and other health care providers you'll have to give up. we have the grim details. even the liberal "new york times," the liberal "new york times," splashing this story all over the front page. don't forget free market capitalism is the best path to prosperity. i maintain obama care is...
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Aug 9, 2013
08/13
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obama is weakening this whole program. we're going hear a lot of that because he was defending it before. and both parties, steve handelsman. >> reporter: correct. >> that's the deal. and all hell is going to break loose. it's happening right now. it will start this evening. nbc steve handelsman, thank you very much. you're a terrific guy. here's the question. did nsa leaker edward snowden cause president obama to make a complete about-face on surveillance policies that he, in fact, defended for many months? it's an important question. here now on set my free market friday panel. i begin with you, because a lot of republicans who didn't like this nsa, a lot of republicans that did, but the whole party was split over this, democratic party was split over this, what happens now? where does this thing go? >> i think you're going to don't see that same split, right, because it's a split between the li bench rtarian split on both sides and conservatives and national security democrats on the other side. but what often happens w
obama is weakening this whole program. we're going hear a lot of that because he was defending it before. and both parties, steve handelsman. >> reporter: correct. >> that's the deal. and all hell is going to break loose. it's happening right now. it will start this evening. nbc steve handelsman, thank you very much. you're a terrific guy. here's the question. did nsa leaker edward snowden cause president obama to make a complete about-face on surveillance policies that he, in fact,...
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Sep 10, 2013
09/13
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if you talk to some close advisers to obama, they agree with the fact that if he was going to take that course, he should have taken it a least a year ago when he started talking about the red line. so this has not been an effective period for him, he had difficulty getting domestic and international support. now he seems to have an out. they have to see if it's credible, if they can have an inspection regime and a transfer of weapons that work. for the moment they're going to pursue this and take the pressure off the congress. >> john, thank you. don't miss our special coverage of president obama's address to the nation tonight. it all starts at 9:00 p.m. eastern tonight on cnbc. you'll be hosting that, won't you? >> i'll be there around the time the president is going to speak. excellent birthday present. thank you. >> nike, visa, goldman sachs will be coming into the dow. dominic has more about what that means. it's more than a lot of people might think. >> it is. this changes the way that we view a huge part of the market. a lot of investors still look at the dow jones industrial in
if you talk to some close advisers to obama, they agree with the fact that if he was going to take that course, he should have taken it a least a year ago when he started talking about the red line. so this has not been an effective period for him, he had difficulty getting domestic and international support. now he seems to have an out. they have to see if it's credible, if they can have an inspection regime and a transfer of weapons that work. for the moment they're going to pursue this and...
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Oct 16, 2013
10/13
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. >> we have not talked ability the affordable care act, obama care. the roll out came. it got overlooked because of chaos that's taking place in washington. health care is no matter which way you look at it is huge. on its way up to 25% of the gdp. what do you think about the roll out of obama care and how do you think we can tackle that? >> i'm glad i wasn't in charge. health care is the tapeworm of the american economy. when you get to 17 or 18% and other countries have 10%. 7 or 8 cents from the dollar is disadvantage. we think we are disadvantage and we are. we talked about the $500 billion spent on foreign oil. we're talking about a huge, huge cost disadvantage against the rest of the world. we need to address it. we're so rich we can get away with a lot of things, doing things wrong for a while. we can't get away with doing them indefinitely. >> we had the ceo of edna on. he believes about 30% of the money spent is wasted. one out of three almost is spent in poor ways. he thinks it's kept that way because of lobbyist in washington and established economic and poli
. >> we have not talked ability the affordable care act, obama care. the roll out came. it got overlooked because of chaos that's taking place in washington. health care is no matter which way you look at it is huge. on its way up to 25% of the gdp. what do you think about the roll out of obama care and how do you think we can tackle that? >> i'm glad i wasn't in charge. health care is the tapeworm of the american economy. when you get to 17 or 18% and other countries have 10%. 7 or...
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May 14, 2013
05/13
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talking about benghazi because that's going to be really serious. did the "new york times" do this because of the ap story over the abortion thing? why do you think this has nothing to do with the smoke screen for the other big news? there's scandals left and right and all we're talking about is sony. >> there's a premeditated plan here. maybe dan was in on it but dan has changed allegiances politically. >> i asked whether the justice department was tapping the "new york times" phone lines just to get talking points for the obama administration, whether it's to hear the way they were sort of selling things. >> they're becoming my phone. >> it's a big conspiracy theory. >> and with you, as are the bloomberg terminals. >> but, you know the walking dead the govern is british. he talks southern. and rick the star of the whole series is english and talks like an american. you could do it. >> saying what's wrong with me? >> no, you don't want to obviously. you don't want to talk like the rest of us and -- because you like -- >> well, it's good being a lit
talking about benghazi because that's going to be really serious. did the "new york times" do this because of the ap story over the abortion thing? why do you think this has nothing to do with the smoke screen for the other big news? there's scandals left and right and all we're talking about is sony. >> there's a premeditated plan here. maybe dan was in on it but dan has changed allegiances politically. >> i asked whether the justice department was tapping the "new...
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Jan 15, 2013
01/13
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it seems like something they would want to talk about. >> certainly. even michelle obama was offering, you know, her support saying she wants other retailers involved as well in this program. i'm not sure what happened. >> i am assuming they don't want to put themselves on television because. gun debate that is raging at the moment. it's a very difficult subject for the largest seller of weapons in the united states. if you look at what happened in the wake of the shooting that we had here, they removed the bushmaster ar-15 that killed 26 people from their website. and yet we're still selling semiautomatic guns, and many guns sold out of the semiautomatic guns and they say they're not prepared to change their gun mix. they're right in the heart of that debate as the largest licensed gun seller in the united states, as we get moves almost by the hour. the white house trying to change gun policy. >> exactly. >> reluctantly. they didn't want to go in the first instance and said, we didn't realize how important that it was that we were physically. >> we'll
it seems like something they would want to talk about. >> certainly. even michelle obama was offering, you know, her support saying she wants other retailers involved as well in this program. i'm not sure what happened. >> i am assuming they don't want to put themselves on television because. gun debate that is raging at the moment. it's a very difficult subject for the largest seller of weapons in the united states. if you look at what happened in the wake of the shooting that we...
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May 16, 2013
05/13
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president obama announcing the agency's commissioner, acting commissioner, is out. >> the misconduct that uncovered is inexcusable. it's inexcusable and americans are right to be angry about it and i am angry about it. i will not tolerate this kind of behavior in any agency, but especially by the irs, given the power that it has and the reach that it has in all of our lives. as i said earlier, it should not matter what political stripe you're from, the fact of the matter is that the irs has to operate with absolute integrity. >> let's talk more about this with our chief washington correspondent john harwood and chief economic correspondent -- >> i'm not an economist per se. i'm a correspondent. >> neither are any of them. >> economist if joe says you're an economist. >> dude, you're a reporter. >> chief economic reporter. >> okay. >> that will be like saying harwood is the chief politician. >> wow. >> not much of a stretch. man behind morning -- how are you doing, john? this guy was only there for four months. what did he do? >> joe, i know you have a question and i want to get to do
president obama announcing the agency's commissioner, acting commissioner, is out. >> the misconduct that uncovered is inexcusable. it's inexcusable and americans are right to be angry about it and i am angry about it. i will not tolerate this kind of behavior in any agency, but especially by the irs, given the power that it has and the reach that it has in all of our lives. as i said earlier, it should not matter what political stripe you're from, the fact of the matter is that the irs...
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Apr 16, 2013
04/13
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now, yesterday within hours of the attacks, president barack obama came out and talked to the press and he said he directed a massive federal response to the attack. >> i've directed the full resources of the federal government to help state and local authorities protect our people, increase security around the united states as necessary and investigate what happened. the american people will say a prayer for boston tonight and is michelle and i send our deepest thoughts and prayers to the families of the victims in the wake of this loss. >> now, andrew, as you can imagine, we expect to see massive security across the country at any public events or gatherings of large numbers of people, including here in washington, d.c. where they have the emancipation day parade scheduled for today. authorities here in washington say, that parade will continue as planned, but they say there will be beefed up security for it. they call it security that you can see and also security that you can't see on the ground here in washington today as we expect to see across the country, guys. >> eaman, don't g
now, yesterday within hours of the attacks, president barack obama came out and talked to the press and he said he directed a massive federal response to the attack. >> i've directed the full resources of the federal government to help state and local authorities protect our people, increase security around the united states as necessary and investigate what happened. the american people will say a prayer for boston tonight and is michelle and i send our deepest thoughts and prayers to...
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Sep 27, 2013
09/13
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do you think the president -- let's not talk obama care. although there's something to be said, paeb, for -- i mean, there's another hit. that's the lead story in the journal today. and i guess one democratic senator wsh would was it, broke with it and said maybe i wouldn't go for a delay. >> joe manchi on. >> but let's say it wag something that we all want to eventually arrive at. is it just okay for the president to say there's no way i'm talking about this thing? other presidents have agreed on certain things to get it done. >> i think the president's stance is the right one because everybody -- at least everybody here knows that the debt limit is nothing more than the automatic -- >> but this has happened before that there's been some discussion where a deal has gotten on. >> but if you're in the president's position, once you say even in the most indirect way or, you know, back room way i'm going to negotiate, then you're really stuck because then you'll never get a debt limit bill without a replay or some e replay of the 2011 scenario
do you think the president -- let's not talk obama care. although there's something to be said, paeb, for -- i mean, there's another hit. that's the lead story in the journal today. and i guess one democratic senator wsh would was it, broke with it and said maybe i wouldn't go for a delay. >> joe manchi on. >> but let's say it wag something that we all want to eventually arrive at. is it just okay for the president to say there's no way i'm talking about this thing? other presidents...
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Aug 16, 2013
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president barack obama, but the response from the egyptian government to what the president was saying has been a terse one. basically saying it is not based on fact, and it is actually encouraging armed groups. you imagine that kind of response from the egyptian presidency to what the u.s. presidency is saying. that shows you as well that there are a lot of tensions internationally as well about what is happening here on the ground. >> incredibly concerning situation. yousuf, please be careful and we will check back in with you later this morning. yousuf gamal el-din. >>> oil prices have been moving on the situation over in egypt. traders fear the unrest could filter over to crude producing nations or affect the suez canal which carries a large portion of the world's oil. analysts say worries the fed could soon trim the commodity friendly stimulus are curbing gains. >>> gold extending gains today hitting two-month highs. among the catalysts, strong buy from china and short recovering after the precious metal broke through key technical levels. meantime, silver trading near a three-mon
president barack obama, but the response from the egyptian government to what the president was saying has been a terse one. basically saying it is not based on fact, and it is actually encouraging armed groups. you imagine that kind of response from the egyptian presidency to what the u.s. presidency is saying. that shows you as well that there are a lot of tensions internationally as well about what is happening here on the ground. >> incredibly concerning situation. yousuf, please be...
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Oct 15, 2013
10/13
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that helps pay for obama care, helps defray the cost of the subsidies. but it does put a lot of increase on people who don't necessarily benefit from subsidies. >> we continue to talk about the technical glitches with the web site and i think we're going to discuss more some of the lessons learned from part d. has all of that been sort of part and parcel with the expectations of a roll out of a program of this size? >> it was clear there were going to be problems because they had a very, very tight time frame, it was a very ambitious project and it was much more complicated than anything on medicare part d. the scope of the project and that it's so intractable is surprising. but now that we're hearing about the design flaws and execution of the architecture itself -- the requell kwe is whether they can get this working properly and get a real flow here within the next two to three weeks. they've really got to start signing up people in the tens of thousands a day if they want to reach that metric of 7 million uninsured by the end of next march. >> speaki
that helps pay for obama care, helps defray the cost of the subsidies. but it does put a lot of increase on people who don't necessarily benefit from subsidies. >> we continue to talk about the technical glitches with the web site and i think we're going to discuss more some of the lessons learned from part d. has all of that been sort of part and parcel with the expectations of a roll out of a program of this size? >> it was clear there were going to be problems because they had a...
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Sep 3, 2013
09/13
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>> well, i have talked to some obama people who think that it could complicate those things, because if in fact the president gets sufficient number of republicans to vote for him and authorize the strikes may may feel greater pressure to go against him and tougher on the budget and the debt fights, but on the other hand, the fact that you have a debate in september where there are very few days where congress is supposed to be in session, it increases the odds that you are going to have a very quick continuation of government funding, kicking the debates down the road a little bit, and that may make it, and lower the temperature at least for a short period of time. >> john harwood in oklahoma for us this morning. john, thank you so much. >>> when we come back, the rm foreceo of staples will join us and tell us how that company can turn it around. the markets are up right now about 99 points. we will see if the market can continue the hold. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spen
>> well, i have talked to some obama people who think that it could complicate those things, because if in fact the president gets sufficient number of republicans to vote for him and authorize the strikes may may feel greater pressure to go against him and tougher on the budget and the debt fights, but on the other hand, the fact that you have a debate in september where there are very few days where congress is supposed to be in session, it increases the odds that you are going to have...
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Sep 26, 2013
09/13
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but at this point, you can talk about both. and i think looking back, you have some perspective, don't you? >> good point. >> frankly, i think this is one of the -- one of the kind of bigger problems that we face, which is we have gotten so nervous about people going in and out of government and there are legislate reasons for that that you're losing expertise on both sides. there aren't enough people in business that know anything about government, there aren't enough people in government. >> we should hope there's easy access. >> look, you want to be careful about conflicts and what have you. but nonetheless. i actually think i would have done my job better if i had more private sector experience before i went into government. i now feel that. >> the president would've done his job better if he had -- but that's a totally different -- >> easy, easy. >> i'm speaking about my personal -- i'm not extrapolating. >> all right. did you -- i saw you brought some dr. seuss to read to us today. >> yes, "green eggs and ham." >> surreal
but at this point, you can talk about both. and i think looking back, you have some perspective, don't you? >> good point. >> frankly, i think this is one of the -- one of the kind of bigger problems that we face, which is we have gotten so nervous about people going in and out of government and there are legislate reasons for that that you're losing expertise on both sides. there aren't enough people in business that know anything about government, there aren't enough people in...
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Aug 12, 2013
08/13
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finally you were talking about home building stocks and the problem with higher rates. we have a double whammy for home building stocks. last week president obama came out gave a speech on fannie and freddie arguing they ought to be wound down and replaced by another agency. you saw what happened on that, david, home building stocks went through the floor last week tuesday and wednesday. so now we have a double whammy, the concern about higher rates and concerns about less government support overall. that's a real problem. and the itb, the main etf for the home building industry hit a new low for the year, but it wasn't on the rates, it was on concern about fannie and freddie and the lack of support there for the mortgage market. guys, back to you. >> thanks very much, bob. that's still to come. fannie and freddie. that will be a long -- >> begin today just a football security. don't know what's going to happen. >> even the preferreds are a real risk. time for a little bit of a faber report following up on a story here. our viewers have been covering mergers and acquisi
finally you were talking about home building stocks and the problem with higher rates. we have a double whammy for home building stocks. last week president obama came out gave a speech on fannie and freddie arguing they ought to be wound down and replaced by another agency. you saw what happened on that, david, home building stocks went through the floor last week tuesday and wednesday. so now we have a double whammy, the concern about higher rates and concerns about less government support...
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Feb 12, 2013
02/13
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he's never going to leave barack obama very far. we talked to him about the state of the union, about its impact on some of the fights like the budget sequester. he said he's not sure that the sequester is going to happen or not, whether they're going to make a deal, but this is the single biggest opportunity he's got to make his case on why we need revenues as well as spending cuts. here is david axelrod on the significance of the state of the union to that effort. >> we have a standoff on these issues. this is the largest audience he's going to have. the goal is to move public opinion because that's what moves congress. i think some of the reasons we now see some moment on issues like immigration reform, for example, has to do less with what the president said and more with what the american people have said. >> i also talked to david about the attitude the president has shown since the election. he certainly had a little bit more spring in his step. some people say he's been cocky since that election, throwing a couple of elbows
he's never going to leave barack obama very far. we talked to him about the state of the union, about its impact on some of the fights like the budget sequester. he said he's not sure that the sequester is going to happen or not, whether they're going to make a deal, but this is the single biggest opportunity he's got to make his case on why we need revenues as well as spending cuts. here is david axelrod on the significance of the state of the union to that effort. >> we have a standoff...
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Jun 17, 2013
06/13
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we understand that putin and obama will be talking about similar issues this evening local time just after 6:00 p.m. that's an issue as well. also concern about the broader economic issues. shinzo abe and david cameron as i speak are holding a bilateral and a press conference thereafter talking about the ramifications of abenomics which have created so much oscillation for the global economy. so a lot of concern on those big issues. concerning the relevance of the g-8 as well. it will be interesting to see if they can get something tangible out of this. i'll hand it back to you. to keep on the golf theme, what i've got behind me is a gentle par 3 and i think possibly this is right up your street. the only slight problem, it's on a little bit of a decline. if you don't hit it straight, you get straight into the water in front to the side or behind. what do you reckon, joe? do you think you could hit your ball onto the tee? >> i'm afraid to say anything, steve, because i think your government is listening to everything you're saying right now. i'm uncomfortable with that. >> reporter:
we understand that putin and obama will be talking about similar issues this evening local time just after 6:00 p.m. that's an issue as well. also concern about the broader economic issues. shinzo abe and david cameron as i speak are holding a bilateral and a press conference thereafter talking about the ramifications of abenomics which have created so much oscillation for the global economy. so a lot of concern on those big issues. concerning the relevance of the g-8 as well. it will be...
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Jan 17, 2013
01/13
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getting a major boost from one of these themes, i'm talking about the incredible rally in the temporary staffing companies. companies that provide temps to other businesses and how it's being fueled in part by the pending implementation of obama care next year. which is one of the themes i told you about last week, the government made me do it theme. the staffing companies are in flago right now. and i think they'll stay that way for the rest of the year. i think in part because of the affordable care act. they are ultrasensitive to changes in the labor market. temporary employment is more cyclical than regular labor market. first to be hired when the economy comes back. and coming back is exactly what the economy is doing right now. just today we saw the jobless claims drop to the lowest level in five years. >> house ofre. >> full-time employment up 1.4% in 2012, the total number of temporary employees increased by 6.2%. that rapid growth is expected to continue in 2013. the street is looking for 5% growth in temporary employment this year. however, i think that number could ultimately
getting a major boost from one of these themes, i'm talking about the incredible rally in the temporary staffing companies. companies that provide temps to other businesses and how it's being fueled in part by the pending implementation of obama care next year. which is one of the themes i told you about last week, the government made me do it theme. the staffing companies are in flago right now. and i think they'll stay that way for the rest of the year. i think in part because of the...
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Feb 4, 2013
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we'll talk about that. the superdome power outage. >>> also the beatles said money can't buy you love but can it buy you happiness? we'll see what the millionaires say. stay with us. is is for real thi. is is for real thi. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >>> welcome back. the dow industrial it is pulling way back from friday's 14,000 peak in a significant way. let's get to bob pisani recapping the movers. >> biggest declines of the year. declines up 1.5% to 2% in all the big names. but please note compared to what happened in europe, this is small potatoes. put up some of what happened here. nothing yet in italy the oldest bank is being investigated. the problem is draghi was the -- he's being drawn in a bit. spain calls finish the prime minister to step down. france and germa
we'll talk about that. the superdome power outage. >>> also the beatles said money can't buy you love but can it buy you happiness? we'll see what the millionaires say. stay with us. is is for real thi. is is for real thi. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers....
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May 22, 2013
05/13
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obama, the administration's talking about 28%. tim cook and most in technology, many in industry are talking about 20%. you wonder. i think if we got closer to 20%, we'd see a lot of these funds coming back. and again, i think cook's done a great job. we have to consider the reputation issues. before i'm booted out of here or joe talks about weiners, can we say something about jamie dimon's trial? >> yes. you were pretty outspoken about how you thought this was a situation where he should keep both roles. what's astounding for people watching is the shareholders voted not only overwhelmingly for this, but fewer voted against him than a year ago when this same question was brought up. >> i know, and you know, andrew, in a piece last week pointed out a rift that's growing now basically in the governance community where some of the great guardians of the separation of roles have evolved over time, although andrew, i'm very sorry that andrew's title was "peering victory." he won as big a vote as bob iger did. >> you're going to plead
obama, the administration's talking about 28%. tim cook and most in technology, many in industry are talking about 20%. you wonder. i think if we got closer to 20%, we'd see a lot of these funds coming back. and again, i think cook's done a great job. we have to consider the reputation issues. before i'm booted out of here or joe talks about weiners, can we say something about jamie dimon's trial? >> yes. you were pretty outspoken about how you thought this was a situation where he should...
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Aug 7, 2013
08/13
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he will have a round-table discussion featuring the obama, talking about housing reform. look at futures which are now down 42%. a leg lower. [ male announcer ] come to the lexus golden opportunity sales event and choose from one of five lexus hybrids that's right for you, including the lexus es and ct hybrids. ♪ this is the pursuit of perfection. the most free research reports, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. now get 200 free trades when you open an account. lecoca-cola is partneringg. with nashville parent and charlotte parent magazines, along with the mayors of those cities, in the fit family challenge. a community wide program that offers free classes that inspire families to get out, enjoy moving together, and even track their
he will have a round-table discussion featuring the obama, talking about housing reform. look at futures which are now down 42%. a leg lower. [ male announcer ] come to the lexus golden opportunity sales event and choose from one of five lexus hybrids that's right for you, including the lexus es and ct hybrids. ♪ this is the pursuit of perfection. the most free research reports, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a...
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Aug 5, 2013
08/13
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having trouble talking this morning. we do have a lot to talk about with all of these folks today. first a roundup of some of the top stories. the obama administration has overturn add u.s. trade panel's ban on the sale of some older iphones and ipads. this move reverses a ruling that had favored samsung over apple in that long running patent battle. the u.s. trade representative says that the decision was based in part on the effect of the competitive conditions in the u.s. economy and the effect on u.s. consumers. this is big news, though. shares of samsung were actually down overnight. just about 1%. apple shares, if you want to take a look at where things stand at least right now, up just barely. again, this is some pretty significant news. we will continue to watch those stocks today. >>> also, the london metal exchange and goldman sachs are being sued over alleged anti-competitive and monopolistic behavior when it comes to aluminum storage. the lme's owner says it will fight the class action lawsuit. we have been talking in recent weeks about this. wall street banks facing in
having trouble talking this morning. we do have a lot to talk about with all of these folks today. first a roundup of some of the top stories. the obama administration has overturn add u.s. trade panel's ban on the sale of some older iphones and ipads. this move reverses a ruling that had favored samsung over apple in that long running patent battle. the u.s. trade representative says that the decision was based in part on the effect of the competitive conditions in the u.s. economy and the...
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Oct 15, 2013
10/13
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they were talking about last night income verification steps that republicans had asked for. paired with a delay in a tax that labor unions don't like called the re-insurance tax. both of those are relatively minor provisions designed to give something to they needed something for having pushed this as far as they did. so it was looking pretty promising, both mcconnell and reid were confident that they could move this with their numbers. i think the odds are going good that they will pass in the senate today or tomorrow. 1234 some say i don't think mitch mcconnell will send us something that we can't and get a good number of republicans. we'll see what happens. >> i guess the issue is how many republicans you actually get. is there going to be something that will be carried by the republicans or will the democrats have to agree, too? >> will it be a small number? i don't know how to forecast that. i do think most republicans want to bleeding to stop. they want this crisis to be over. but, remember, that ted cruz and the members of the tea party faction kind of overran their l
they were talking about last night income verification steps that republicans had asked for. paired with a delay in a tax that labor unions don't like called the re-insurance tax. both of those are relatively minor provisions designed to give something to they needed something for having pushed this as far as they did. so it was looking pretty promising, both mcconnell and reid were confident that they could move this with their numbers. i think the odds are going good that they will pass in...
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Aug 9, 2013
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himself just yesterday to talk about the secret issues involving surveillance in this country. now, we got a white house official to confirm the meeting. here is all they would say about the meeting though yesterday. they say the meeting was part of the ongoing dialogue the president has called on for how to respect privacy while protecting national security in a digital era. think about tim cook meeting sort of nose to nose with the president of the united states on this issue of privacy and digital surveillance at the same time his company has issued up on capitol hill over their tax practices and other things. all of that, you know, in play, and the question is which of these things are poker chips in the giant negotiation that's going on behind the scenes? >> and an important one as well. eamon javers with the latest out of washington. thanks. >> if you're tired of wasteful government spending, our next guest is proposing an online checkbook that allows taxpayers to monitor government expenditures in his state of ohio. joining us this morning is the main sponsor of this leg
himself just yesterday to talk about the secret issues involving surveillance in this country. now, we got a white house official to confirm the meeting. here is all they would say about the meeting though yesterday. they say the meeting was part of the ongoing dialogue the president has called on for how to respect privacy while protecting national security in a digital era. think about tim cook meeting sort of nose to nose with the president of the united states on this issue of privacy and...
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Feb 4, 2013
02/13
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but first, sorry to do this, we have to talk politics. >>> president obama says more tax revenue will be needed to help reduce the deficit. he'll push to get rid of loopholes such as the carried interest tax break enjoyed by private equity firms and hedge funds. >> i don't think the issue right now is raising rates. the question is, if we're going to be serious about reducing our deficit, can we combine some smart spending cuts, because there's still waste in government, can we reform our health care programs in particular because we spend a lot more on health care than every other country does and we don't get better outcome. so there's a lot of waste in the system and there are things that we can do to reduce health care costs. >> asked about the contraction in fourth quarter gdp in the u.s., president obama blames the dysfunction in washington surrounding the fiscal cliff. a sharp drop in spending did over-shadow strong housing data. it followed unexpectedly strong defense spending in the fourth quarter. maybe some positive news there. tina, from citi, she's been taking a look at w
but first, sorry to do this, we have to talk politics. >>> president obama says more tax revenue will be needed to help reduce the deficit. he'll push to get rid of loopholes such as the carried interest tax break enjoyed by private equity firms and hedge funds. >> i don't think the issue right now is raising rates. the question is, if we're going to be serious about reducing our deficit, can we combine some smart spending cuts, because there's still waste in government, can we...
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Oct 4, 2013
10/13
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but talking about things that have to do about the budget and walking away from the debate over obama care. if there's going to be a middle ground, it's going to have to be struck next week. they're going to have to talk about some things that are substantive to the budget and have nothing to do with obama care. the clock is running out on that. we'll have to see some action next week. >> the dow is down, we've given up 15,000. would you be a buyer here or a waiter, thinking you could buy lower if the gridlock goes on in d.c. and the dow keeps falling? >> i would be a buyer here. i think it's important to distinguish between a lot of risk to the market and a little sk tmarket. there's no question there's risk to the market. we have to feel some pain and that pain has to be transmuted to congress and then they'll fix it. but i think the process is working as it should work, believe it or not, and i think we come out of this probably with more agreements and the parties knowing exactly what they can get away with and what they can't. >> john, what do you mean working as it should? you s
but talking about things that have to do about the budget and walking away from the debate over obama care. if there's going to be a middle ground, it's going to have to be struck next week. they're going to have to talk about some things that are substantive to the budget and have nothing to do with obama care. the clock is running out on that. we'll have to see some action next week. >> the dow is down, we've given up 15,000. would you be a buyer here or a waiter, thinking you could buy...
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Sep 9, 2013
09/13
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president obama will be addressing the nation. about an hour ago secretary of state john kerry took questions from the media in a joint news conference with the u.k.'s foreign secretary. >> we're not talking about war. we're not going to war. we will not have people at risk in that way. we will be able to hold bashar assad accountable without engaging in troops on the ground or any other prolonged kind of effort in a very limited, very targeted, very short-term effort that degrades his capacity to deliver chemical weapons without assuming responsibility for syria's civil war. >> congress officially returns to work today to debate president obama's proposal for military action in syria. in an interview with pbs's charlie rose, syrian's president bashar assad denied he had anything to do with the chemical weapons attack that happened. we'll talk to john harwood and politico's ben white. >>> we also have some corporate news. nieman marcus in talks to be bought with the canadian pension investment board for more than $6 million. "the
president obama will be addressing the nation. about an hour ago secretary of state john kerry took questions from the media in a joint news conference with the u.k.'s foreign secretary. >> we're not talking about war. we're not going to war. we will not have people at risk in that way. we will be able to hold bashar assad accountable without engaging in troops on the ground or any other prolonged kind of effort in a very limited, very targeted, very short-term effort that degrades his...